David Axelrod, the Obama campaign strategist who was chosen to be a senior White House adviser, was asked if the tax cuts could be allowed to expire on schedule after tax year 2010 rather than being rolled back by legislation earlier. "Those considerations will be made," he said on "Fox News Sunday."
Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC's "Meet the Press" that the 2010 scenario "looks more likely than not."
U.S. President George W. Bush's tax cuts are set to expire at the end of 2010. After that they would revert to 2001 levels when the top individual tax rate was 39.6 percent.
From CNN White House Correspondent Ed Henry
(CNN) – Obama spokeswoman Stephanie Cutter confirms to CNN the Obama daughters will attend Sidwell Friends school in Washington, DC.
"They looked at a lot of great schools but they felt Sidwell fit their best interests," spokeswoman Stephanie Cutter told CNN.
Chelsea Clinton also attended the school when her father was in the White House.
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